Toolkeeper: its been my opinion that the RI / RV / GCR is a means to recapture global dollars and repatriate those dollars to the shores of the usa.

Toolkeeper: 4 years ago, a friend of mine who invited me to visit their family in China, told me about the Dinar.

Toolkeeper: i was skeptical at first about the claims of the dinar since i heard some of the same things about the Mexican peso back in the late 70s / early 80s.

Longcoat: Peso ? Good bet!?

Toolkeeper: longcoat. back in the day, folks said the same of the peso when the CB of mexico starting to print up these inflated 3 zero bills.

Toolkeeper: what crushed the dreams of those who were playing the peso game was the introduction of the lower denoms. the cb of mexico then claimed that the 3 zero notes now had a true value that was lopped of the 3 zeros. 100,000 peso note became 100 pesos.Rgh98j: tool so what do you feel is different with the dinar? could Iraq not do the same thing?....

Toolkeeper: That makes the dinar and other currencies different is the apparently lack of a lop or a redenomination. and for good reason. the usa government / FED needs to contract the amount of currency in circulation.Toolkeeper: and how do you contract the money supply? well ya gotta create an event to recapture the dollars in circulation. Toolkeeper: i view the RI / RV/ GCR as the event to help contract the usa money supply… you gotta bring them dollars home to these shores. Toolkeeper: so, thats why im not trouble with a high rate of exchange for the dinar/ dong/ rupiah. Longcoat: Agreed Toolkeeper: you could do a high rate. the willy nilly dollars being printed over the decade, has to come home. else, we are looking at a collapse. like 1929. Toolkeeper: what cause the great depression is the FED ending abruptly, printing of money unrelated to a certain formula AND contracting dollars in circulation. Toolkeeper: so as it see it, RI / RV/ GCR is needed to softland the global economy rather then to crash and burn Longcoat: Yellen ,, just said they are going to print money until the fall I listened and watch her interview Toolkeeper: yeah. yelllen has no choice to lie about what she is planning to do. If she was to telegraph what she intends to actually do, we will see a 1929 stock market crash. If yellen was to actually come out to say that QE was ending, you would see a massive sell out, money going into hiding. *************************I4U:Bailey2: [Poppy3 ] THERE WILL NOT BE A GCR AS MANY...WANT YOU TO BELIEVE. IT HAS ZIP TO DO WITH A RV OF DINAR. YES THERE WILL BE SOME MIDDLE EAST AND SURROUNDING CURRENCIES THAT TRADE DAILY WITH IRAQ THAT WILL HAVE TO ADJUST THEIR CURRENCIES FOR THE PURPOSE OF TRADE WITH IRAQ BUT THERE WILL NOT BE SOME 100 PLUS COUNTRIES ADJUSTING OR RVING THEIR CURRENCIES... **************************KTFA: walkongstick wrote on May 10th, 2014, 5:03 pm:إرسل الموضوع الى صديقInside Iraq within the agreement «leaning back FATCA»

5/11/2014 0:00 Baghdad - Mostafa Hashemi said economic expert, Dr. appearance of Mohammed Saleh: that Iraq within the Convention "Alvta" (Law Alamttal new tax American) citizens of a naturalized U.S. citizen in the whole world and passed by Congress in 2010.

known as "Alvta" It is an abbreviation for Foreign Account Tax Compliance Act as measures limiting evade American citizens to pay taxes to the government, has been working out recently in 30 countries in the world.

Saleh said in a statement (morning) that work this Convention gives immunity reciprocal for both Iraq and the United States in the field of taxes and follow-up the movement of money in addition to that it increases the transparency in the exchange of information between the two sides of government.

pointing out that the banks operating in Iraq covered by the Convention "Alvta" reduction of tax evasion when entering Iraq to the Convention effectively.

said that if the U.S. citizen, for example, to pay for the premium or the price of an apartment in cash, was discovered the subject of the selling company as recorded receipt of the amount in cash and the amount of value is high, and put the buyer can not buy it, he will face the buyer two counts, but that he had other income and by concealing the IRS, or he owns entered illegally or is the process of money laundering.

decided some countries make the deal banks with the IRS the U.S. directly, what makes its financial institutions subject to "Alvta", or face sanctions that will be taken by the United States against the banks, the countries that do not reveal private accounts, Americans have deduct 30 percent of their accounts in banks the U.S., and to prevent the final of the handle.

his part, said the academic economic Dr Essam Mahouelle told (morning): that taxes in the United States high and expensive as well as higher wages for manpower there, what makes some of them looking for the establishment of Projects bring him profits in countries where the tax payment is less and the cost of manpower is low.

, and added that this agreement serves the American side too much compared to some of the banking facilities provided by the United States of the member states of the Convention.

his part, said adviser in matters of international trade Tawfiq inhibitor (morning ) should be developed banking system and make refineries international regulations so that Iraq can benefit from this agreement. He said that the agreement gives member states the legal cover for the freedom of action of the banks along with granting facilities to the business of banking.

http://www.alsabaah.iq/ArticleShow.aspx?ID=70640 ************ lcm :Holy Cow, another piece of the puzzle that we probably didn't think was on the list of to do's. Hmm? what else are we missing? closer everyday. lcm ************Frank26: How to collect our taxes before an increase in American pockets ........... Timing ......... Of course.

KTFA, Frank ****************************Stage3Alpha:We have not dealt with bank crisis, says ex-EU adviser (Banks Need A Fundamental Restructuring) Posted by EXOGEN on May 10, 2014 at 7:43pmEurope's banks need a fundamental restructuring to sort out the mess from the 2008 financial crisis, claims former senior aide to European Commission president José Manuel Barroso Philippe Legrain, who in February ended a three-year stint as Mr Barroso’s independent economic adviser, believes that a banking shake-up is essential as the first part of a three-pronged strategy to get Europe back on track. By Andrew Cave 9:30PM BST 10 May 2014Europe's banks need a fundamental restructuring to sort out the mess from the 2008 financial crisis and enable them to fund the growth that the eurozone and British economies so desperately need, a former senior aide to European Commission president José Manuel Barroso has claimed. Philippe Legrain, who in February ended a three-year stint as Mr Barroso’s independent economic adviser, believes that a banking shake-up is essential as the first part of a three-pronged strategy to get Europe back on track.“Europe needs to restructure its banking system,” he said in an interview with The Telegraph. “The Americans have been much more vigorous in that than we have. “There has been a belief that it’s best to try to preserve existing banks and exercise regulatory forbearance rather than force them to face up to their losses, sorting viable banks from unviable ones, recapitalising viable ones and closing down the unviable – the usual standard policy for dealing with a banking crisis. “The rule book has been broken here in Europe and the result is that we have a zombie banking system that keeps alive zombie companies that should go bust, while failing to extend credit to promising new companies that could deliver future growth. Related ArticlesMillions more exposed to rate rises 10 May 2014UK liable for Scotland’s banks in a future crisis 26 Nov 2013UK faces £12bn cost for 'totally useless' EU bank crisis fund 14 May 2013Wales: A hotbed of innovation Welsh Government “That’s one of the big reasons why productivity in Britain has been so poor. The justification has been to stabilise the system but you end up freezing the economy. “You might say that this is all old hat and that the UK is growing again but that growth is coming almost entirely from increased consumption with real wages that are still falling and from a housing bubble that returns to the old model of boom and bust. I don’t think it’s sustainable.” Londoner Mr Legrain worked as a journalist at The Economist and for the World Economic Forum before acting as a special adviser to the director-general of the World Trade Organisation. He is now an independent commentator and consultant. “Despite the obvious differences between Britain and the eurozone, they have actually pursued very similar strategies, prioritising getting public finances in order and failing to deal with the banking crisis,” he said.

.

Mr Legrain’s ideas for change are outlined in his book European Spring: Why Our Economies and Politics are in a Mess and How to Put Them Right.

The second key strand involves writing down excessive national and household debt, while the third is “combining measures to boost public and private investment with meaningful reform”.